China Merchants Port Holdings, COSCO Shipping Ports, and IMC have put their combined 70 per cent stake in Qingdao Port Dongjiakou Ore Terminal up for sale through a public tender on the China Beijing Equity Exchange.
The minimum price is CNY1.92 billion (US$290 million).
The listing opened on October 14, and its initial disclosure period will end on November 11. If no prospective purchaser has been secured by then, the period will be extended in successive five-working-day increments.
The stake is offered as a single package. Mighty Star Investment, the China Merchants Port selling entity, holds 25 per cent, as does COSCO Shipping Ports Investments (Shanghai). Each holding carries a minimum price of CNY684.9 million (US$102.6 million).
IMC Qingdao Port Investment holds 20 per cent, with a minimum price of CNY547.9 million (US$82.04 million). Qingdao Port International holds the remaining 30 per cent and is not selling.
Bidders must be enterprise legal persons established in mainland China. Each must lodge a CNY575.3 million (US$86.15 million) deposit within five working days of qualification.
Some existing shareholders had not waived their pre-emptive purchase rights when disclosure began. The exchange will consult the shareholder entitled to exercise those rights after the highest outside offer has been established.
COSCO Shipping Ports said the sale would allow it to exit the terminal company and optimise the allocation of its resources. However, it cautioned that, "no transferee has been confirmed and no definitive agreement in respect of the potential disposal has been entered into."
China Merchants Port said the disposal would enable it to unlock value from its investment and strengthen its financial flexibility.
The terminal company was established in 2014. It reported revenue of CNY1.81 billion (US$270 million) and a net loss of CNY108.2 million (US$16.2 million) for 2025.
Between January and August 2026, it recorded revenue of CNY1.21 billion (US$180 million) and a net loss of CNY33.1 million (US$4.96 million).